The emerging deflationary nature of Bitcoin driven by institutional accumulation.

A key factor transforming the dynamics of Bitcoin is its increasing effective scarcity. The aggressive accumulation strategy of companies like MicroStrategy, which holds a substantial reserve of over 555,000 $BTC with no plans to sell, is significantly contributing to this practical deflation. In fact, only the illiquid holdings of #MSTR suggest an annual deflation rate of -2.23%, by absorbing supply at a greater pace than new mining.

This trend is amplified by other large institutional investors who are also adopting long-term "hold" strategies. As a result, the amount of Bitcoin available for actual circulation is steadily decreasing, while interest and demand continue to rise.

The interaction between an increasingly limited supply and sustained demand anticipates a fundamental shift in the valuation of Bitcoin and the financial landscape in general.